WinSpeed Motorsport Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07104306

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,773		13,438

			10,773		13,438
CURRENT ASSETS
Stocks	5	112,171		188,668
Debtors	6	43,312		85,245
Cash at bank and in hand		18,924		8

		174,407		273,921
Creditors: Amounts Falling Due Within One Year	7	(162,595 )		(233,458 )

NET CURRENT ASSETS (LIABILITIES)			11,812		40,463

TOTAL ASSETS LESS CURRENT LIABILITIES			22,585		53,901

Creditors: Amounts Falling Due After More Than One Year	8		(13,550 )		(17,039 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,844 )		(2,337 )

NET ASSETS			7,191		34,525

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			7,189		34,523

SHAREHOLDERS' FUNDS			7,191		34,525

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WinSpeed Motorsport Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Christopher James Window

Director

30 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

WinSpeed Motorsport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07104306 . The registered office is 148 Broad Street, Wood Street Village, Guildford, Surrey, GU3 3BJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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WinSpeed Motorsport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 11)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 February 2025	4,132	50,185	9,633	19,020
Additions	-	-	-	264

As at 31 January 2026	4,132	50,185	9,633	19,284

Depreciation
As at 1 February 2025	3,616	44,902	9,074	13,563
Provided during the period	74	1,321	140	858

As at 31 January 2026	3,690	46,223	9,214	14,421

Net Book Value
As at 31 January 2026	442	3,962	419	4,863

As at 1 February 2025	516	5,283	559	5,457


	Computer Equipment	Total
	£	£
Cost
As at 1 February 2025	8,936	91,906
Additions	-	264

As at 31 January 2026	8,936	92,170

Depreciation
As at 1 February 2025	7,313	78,468
Provided during the period	536	2,929

As at 31 January 2026	7,849	81,397

Net Book Value
As at 31 January 2026	1,087	10,773

As at 1 February 2025	1,623	13,438

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WinSpeed Motorsport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Stocks

	2026	2025
	£	£
Stock	68,813	109,477
Work in progress	43,358	79,191

	112,171	188,668

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	26,657	50,541
Other debtors	16,655	34,704

	43,312	85,245

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	34,441	54,211
Bank loans and overdrafts	52,185	51,934
Other loans	5,000	11,000
Other creditors	23,965	72,656
Taxation and social security	47,004	43,657

	162,595	233,458

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	13,550	17,039

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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